International Economics - V31.0238-001
New York University
Prof. Marc Lieberman
Office: 19 W. 4
Drop-in Office Hours (No
4:00 – 5:30
4:00 – 5:00
2:00 – 4:00
In International Economics, we study the origins and implications of economic
interdependence among nations. The field of International Economics is traditionally divided
into two parts. First, “International Trade,” the microeconomic part, attempts to answer
questions arising from trade in goods and services.
For example: how does trade arise
Which nations will trade with each other, and which goods and services will
How does trade impact different groups within a country, and how does
government policy alter these impacts? Second, “International Finance,” the macroeconomic
part, attempts to answer questions arising from global financial markets and their impact on
macroeconomic activity. For example, how are currency exchange rates determined?
do changes in exchange rates affect economic aggregates, such as a country’s trade deficit?
Although this course focuses primarily on International Trade, we’ll address some issues in
International Finance during the last few weeks.
There are only two things to buy:
The Choice: A Fable of Free Trade and Protectionism
edition, 2007) by Russell
A reader (custom-made for this course), available at Unique Copy Center (252
Greene St.). It consists mostly of pages from Salvatore’s,
ed), as well as some pages from Mankiw’s
All other readings (see below) are available online, or will be posted on Blackboard around
the time you need them. Items listed as "main reading" are highly recommended and likely
to correspond to some extent with lectures. Keeping up with these readings will help you
follow the lectures, but I do not test separately on the readings (with one exception – see
below under “Exams”). Choose among the “additional readings” based on your interests.
: The online home page for this course is on the “Backboard” web
service. Problem sets and answers will be posted on Blackboard, as well as special
To use Blackboard, you must first activate your NYU Home account.
you’ve done so, log into your Home account, select “Academics” at the top of the page, find
this course under “Classes,” and then select it.
Once you get to the course page, navigation
: About 6 or 7 problem sets will be assigned during the semester.
sets will be posted on Blackboard for you to download and print, with due dates (usually
Wednesdays) announced in class and on Blackboard. Problem sets must be turned in
email problem sets, or put them in my box, or slip them under my door, or
hand them to me in a bar where you may happen to run into me.
If a problem set is not